25/07/2012 01:07:00
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Nigerian Senators Earn More Than President Barack Obama And David Cameron

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Senate President David Mark

A Nigerian senator earns more in Salary than Barack Obama of the US and David Cameron of the UK. I'll leave you to tell how much Nigerian president goes home with at the end of each month. An Indian lawmaker must work for at least 49 years to earn the annual salary of a Nigerian senator.

In the United States, while the minimum wage is $1,257 (N191, 667), a US lawmaker earns $15,080 (N2.3m) per month. In the United Kingdom, a lawmaker earns $8,686(N1.3m) monthly while the gross national minimum wage is $1,883 (N283, 333) per month. Also, Nigerian lawmakers earn higher than their counterparts in Sweden. With a monthly pay of $7,707 (N1.2m), a lawmaker in Sweden will need to work for over 12 years to equal what a Nigerian senator earn per annum.

The president of the United States takes home an anual salary of $400,000 (N64.156,0m), including a $50,000 expense allowance making the president the highest paid public servant in the US. The $400,000 includes everything and $350,000 out of it is taxable.

President Namibia.......................................USD 164,506.00

President of Colombia ................................USD 120,685.00

Prime Minister of the Netherlands.................USD 190,740.00

Prime Minister Ireland.................................USD 264,000.00

Prime Minister Denmark..............................USD 264,533.00

President Mexico........................................USD 328,839.00

USD 328,839.00 ........................................USD 427,886.00

President Austria........................................USD 422,231.00

President of the European Council................USD 508,916.00

NIGERIAN SENATORS

Basic Salary (BS) = N2,484,245.50

Hardship Allowanc: 50% of Basic Salary = N1,242,122.75

Constituency allowance: 200% of BS = N4,968,509.00

Furniture Allowance: 300% of BS = N7,452,736.50

Newspaper allowance: 50% = N1,242,122.70

Wardrobe allowance: 25% = N621,061.37

Recess Allowance: 10% = N248,424.55

Accommodation: 200% = N4,968,509.00

Utilities: 30% = N828,081.83

Domestic Staff: 35% = N863,184.12

Entertainment: 30% = N828,081.83

Personal Assistance: 25% = N621,061.37

Vehicle Maintenance Allowance: 75% = N1,863,184.12

Leave Allowance : 10% = N248,424.55

One off payments (Severance gratuity): 300% = N7,452,736.50

Motor Vehicle Allowance: 400% of BS = N9,936,982.00

Total per month = N29, 479, 749.00

A senator's anual salary = over N182 million multiply by 109 senators (don't forget the House of rep, ministers, ambassadors, ...)

In addition to the regular and legitimate salaries and allowances of over N17 million ($113,333) and N14.99 million ($99,933) which senators and reps were collecting yearly and the irregular allowance of estacodes, duty tours etc, they were also collecting over N192m ($1.28m) and N140m ($0.93m) respectively in illicit quarterly allocation which is not provided for by RMAFC.

Effectively, a Nigerian senator was taking home at least $1.40m ($1.28m quarterly allocations + $0.113m regular salaries and allowances) as against the $0.174m an American senator takes home hence a Nigeria senator earns at least 8 times as much as an American senator and more than 3 times the American president.

Whereas a Senator in the U.S earns N21, 146,000, the same as a member of the House of Representatives; a UK Member of Parliament earn Â£64,766 (N14, 896,180)

In other words, a Federal Legislator in Nigeria is paid more than double what a Member of British Parliament earns per annum.

Senate President David Mark alone takes N250 million quarterly or N83.33 million per month. Senate Deputy President Ike Ekweremadu gets N150 million per quarter or N50 million a month.

Mark and Ekweremadu earns in 4 months, six times what the UK Prime Minister earns in a year. David Cameron goes home with Â£190,000 per anum (N43, 700,000)

In a newspaper news article entitled ‘An Assembly for looting’ written by Musikilu Mojeed with Elor Nkereuwem, the authors rightly claimed that each of the 360 members of the House of Representatives were getting N35 million in cash money in quarterly allocation while each of the 109 Senators pockets N48 million each. These allocations have however been slashed by 20% to N27 million ($180,000) and N38 million ($253,333) respectively due to the 20% reduction requested by the late president.

Please tell me, how do we expect this banana republican hell fire to become a country tomorrow.

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